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Dollar is tumbling right now, metals shooting up!
Submitted by sentinel18 on Tue, 09/22/2009 - 02:27
Dollar showing significant weakness late at night here. Gold and silver graphs have shot up in the past half hour. New zealand currency up 2% against dollar » |
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Wow... it looks as if today
Wow... it looks as if today the USDX might drop below 76...
...
I think the Asian markets
I think the Asian markets were not open yesterday...so that is why the dollar went up. The PPT cannot control Asia.
looks like that 400 tons of
looks like that 400 tons of IMF gold didn't do squat....
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
LOL
It hasn't even been sold yet.
Generally...
it is news of the sale, not the actual sale, that matters.
Perception, remember?
~Live life to its fullest, with an open heart, open arms and most important... an open mind~
77.11
Some analysts have been saying the dollar is due for a bounce. Other than an event like a strike on Iran (causing a rush to "safety" of the dollar), I expect the dollar to continue to fall.
For the past week, 77.11 on the us dollar index has provided overhead resistance. It would get nearly to 77.11 and fail. It did the same yesterday.
I'm not rushing into other fiat currencies, as they are all devaluing when measured against hard money. I'm trading my FRNs for precious metals and some equipment/tools.
http://FlipFlopRomney.blogspot.com
It's easy to get into foreign currencies
This is assuming you have some extra money to invest... but I paid attention to Peter Schiff a year ago, sold all my stocks (missed the crash by a few weeks thank goodness) and have Euros, Australian dollars and Swiss francs. So far so good.
If you don't mind internet banking, you can set up an account at Everbank.com They have an excellent, free, newsletter - The Daily Pfennig.
If you have an HSBC Premier account, then you can set up an account for foreign currencies in Hong Kong. That also works.
Schiff advised, "Get out of the dollar" and he was right. Other currencies are out-performing our money.
I would be buying some
I would be buying some silver that you keep in your house.. at some point all paper currencies will fall...
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
I would welcome that !
You buy the silver and I'll keep it in my house.
You may be right about the failure of paper currencies, but I don't think it will happen any time soon. People need to pay for things, and I don't see any world economy going cashless for the next few years.
Still, maybe.
Dollars of what?
Please define the word dollar. The only dollars in this country by law are to be found under Title 31 U.S.C. section 5112. Federal Reserve Notes are tumbling, no doubt, as that is what they are designed to do. But do not mistake them for dollars as there is no law that says they are dollars, notes, legal tender or money. The IMF's collection agency calls them "worthless securities" (see: IRC 165[g]). It's easier to break the U.S. economically that militarily. This was the intent of HJR 192.
"There are no accidents in politics and economics." - FDR
It's easier to break the
It's easier to break the U.S. economically that militarily. This was the intent of HJR 192.
I agree....
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
A prudent man foresees the difficulties ahead and prepares for them; the simpleton goes blindly on and suffers the consequences. Proverbs 22:3
Matthew 10:34 Think not that I am come to
send peace on earth: I came not to send peace,
but a sword.
The crisis continues . . .
All a part of the master plan to prop up more cash for clunker deals to infuriate the public while the Neo-cons continue to rage war without resistance.
Shut down the War and the War machine, and all this stops!
I pledge allegiance to the Constitution of The United States of America and to The Republic for which it stands. One Nation FREE AND INDEPENDENT with LIBERTY AND JUSTICE FOR ALL!
I pledge allegiance to the Constitution of The United States of America and to The Republic for which it stands. Fifty states FREE AND INDEPENDENT with LIBERTY AND JUSTICE FOR ALL!